Timber

The firm has named Jeff Briggs for the role, as Mark Rogers readies to step into the CEO role in April 2023 to replace outgoing David Brand.

Mark Rogers will replace David Brand as New Forests CEO, with Brand to serve as chair until departing the business in 2025.

The long-term investment fundamentals of forestry should ensure the asset class continues to shine in 2023, despite economic headwinds.

In a year of economic shocks and volatility across asset classes, the UK’s forestry sector demonstrated low or inverse correlations to equities and bonds.

New Forests’ ANZLAFF is its fourth fund focused on Australia and New Zealand, investing in plantation forestry, infrastructure and agriculture.

The Sustainable Forestry and Natural Capital Fund will target an 8% to 9% net IRR over the 10-year life of a fund designed to target mitigation, carbon and water conservation opportunities.

Bluesource Sustainable Forests Co. vice president Aaron Paul says the collaboration with credit-focused Oak Hill Advisors represents a ‘private equity bet on the carbon markets.’